The initial assumption is that the state is not regarded as the creator of rights, but as their protector. Individual rights in labor and intelligence belong to an individual as a matter of birth, not via a grant from the state.

The same revolutionary beliefs for which our forebears fought are still at issue around the globe — the belief that the rights of man come not from the generosity of the state but from the hand of God.

The rest of the column is also worth a careful look: "The constant talk of the living wage should not blind us to the importance of life-cycle earnings, which could be undercut by a high minimum wage that keeps people out of the labor market."

by Editor | Aug 5, 2014 at 10:04 amreceive the latest by email: subscribe to the free futureofcapitalism.com mailing list

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